Anti-CZ Whale Flips Bullish On Ethereum: Now Up $15M On A $119.6M Long Position

Ethereum is displaying renewed power after days of intense promoting stress and widespread uncertainty throughout the crypto market. Following a pointy drop under the $3,300 stage, bulls at the moment are trying to reclaim $3,600, with the subsequent main goal set at $4,000 — a stage that would affirm a shift in market momentum if conquered.

Amid this restoration effort, key on-chain information highlights a stunning transfer from one of many market’s most carefully watched merchants — the so-called Anti-CZ Whale. This investor gained notoriety for shorting ASTER shortly after Changpeng Zhao (CZ) — the previous CEO of Binance and one of the crucial influential figures in crypto — publicly talked about shopping for it. The whale’s well timed brief turned out to be extremely worthwhile, reinforcing their popularity as a contrarian but exact market participant.

Now, this similar whale has flipped bullish on Ethereum, opening a big lengthy place after having shorted ETH final week. The transfer alerts rising confidence in Ethereum’s restoration potential and will trace at an upcoming market reversal. As sentiment begins to stabilize and liquidity rotates again into main altcoins, Ethereum’s worth motion within the coming days will likely be essential in figuring out whether or not this bounce evolves right into a sustained uptrend.

The Anti-CZ Whale Flips Bullish on Ethereum

According to new on-chain data shared by Lookonchain, the dealer generally known as the Anti-CZ Whale has as soon as once more demonstrated his sharp market timing. After shorting Ethereum (ETH) throughout final week’s market correction, the whale has now flipped bullish — taking a serious lengthy place that displays rising confidence within the asset’s restoration.

The information reveals that the whale at the moment holds 32,802 ETH, valued at roughly $119.6 million, with greater than $15 million in unrealized revenue thus far. This strategic pivot got here shortly after Ethereum’s rebound from its latest lows close to $3,200, suggesting that the dealer anticipated a reduction rally as promoting stress started to ease.

What makes this transfer much more vital is that the Anti-CZ Whale continues to be sustaining worthwhile brief positions in different property — notably ASTER and PEPE. This signifies a selective, tactical method fairly than a broad market shift. His ETH lengthy aligns with bettering sentiment round Ethereum, whereas the opposite shorts counsel warning towards extra speculative altcoins.

Historically, the Anti-CZ Whale has earned a popularity for buying and selling towards main narratives — together with his profitable brief on ASTER after Changpeng Zhao (CZ), Binance’s former CEO, tweeted about shopping for the token. His newest transfer towards ETH might due to this fact sign that sensible cash is starting to rotate again into high-conviction property.

ETH Price Analysis — Signs of a Short-Term Recovery

Ethereum’s worth motion on the 4-hour chart exhibits a notable restoration following final week’s sharp decline. After dipping under $3,300, ETH discovered sturdy shopping for curiosity and has since rebounded towards the $3,600 area — a key short-term resistance stage. This rebound coincides with elevated buying and selling quantity, suggesting renewed confidence amongst bulls after a number of days of panic-driven promoting.

The construction now exhibits early indicators of a possible pattern reversal, as Ethereum has shaped a short-term larger low sample, with consumers defending the $3,350–$3,400 help zone. If momentum continues, the subsequent goal for bulls lies close to $3,800, the place earlier breakdowns occurred. A clear break and shut above that stage would affirm a bullish continuation towards the $4,000 mark.

However, ETH nonetheless faces challenges forward. The broader market stays fragile, and the asset is but to reclaim its 200-period shifting common, which at the moment acts as dynamic resistance. Failure to maintain momentum above $3,600 might result in renewed promoting stress, probably retesting help close to $3,250.

Featured picture from ChatGPT, chart from TradingView.com